Ethereum (ETH) Daily Price Forecast – September 14

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, September 13, the price of Ethereum was in a bullish trend. In the bullish trend, the price reached the high of $211,68 and was resisted. The Bulls overcame the price and traded above the $200 price level. The cryptocurrency is expected to rise again but will face resistance at the $ 280.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 58 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is making a series of higher highs and higher lows.Price of Ethereum is rising because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.